What is more importat for the Blockchain Industry than massive adoption?

Presenting here:

The path to mass adoption on Crypto by the hand of the NEAR PROTOCOL

Starting from one country…

More than 2.4 million Venezuelans own cryptocurrencies (+10% of the country’s population). That combined with the NEAR P2P could lead to an overflow of transactions on the NEAR network from new wallets and interactions with the ecosystem.

Argentina will follow, and other countries with needs for financial tools, let’s open the decentralized finances - DeFi - to them, to the world’s most needed users.

Issue

This post intends to give you a glimpse of what it is like to live in an economy where the HIPER-INFLATION was over 65.347,00% in 2018 compared to 2017. Of course, this is a complex topic to discuss, but if you keep an open mind, you will be able to understand the enormous opportunity NEAR have to grow in the Latin American community by providing a much-needed solution for the masses

Like most third-world countries, Venezuelan people live in a failed state of governance/economy. That leads people to do things they are not supposed to do in a stable economy.

But what are these things people do?

From the beginnings of cryptocurrencies, Venezuelans have struggled to survive with a fiat currency constantly being devalued by the second. So the common sense will lead you to interact with a side currency that helps you survive that devaluation.

In the year 2007, with the exchange law, the government implemented a financial blockage that restrained people from interacting with other currencies like USD. Every foreign currency transaction had to be made within the parameters of a very bureaucratic and sometimes insane system.

That’s when people started the mass adoption of Exchanges like LocalBitcoin; People even started working daily in LocalBitcoins, taking advantage of the spread in the platform, which at some point had daily transactions in Venezuela of over 2 million USD.

That volume had increased over time, and Localbitcoins gave the people an answer to a problem, but not an efficient solution.

Why?

-Scammers were all over the place
-Not an easy-to-use platform
-Not efficient customer support
-They never updated to new forks like BCH, so people never got their BCH from the forks.
-And of course (in my personal opinion), the biggest mistake that later led to LocalBitcoins disappearing in Venezuela: Not supporting multiple cryptocurrencies and at least one stable coin.

Not long ago, Binance started taking over the market by implementing a P2P exchange besides all the functionalities we already know.

But in the end, Binance is still a centralized Exchange. If you have a substantial amount of coins invested in Binance, dont tell me you dont always live on the edge of your seat, wondering if one day you will wake up with news that Binance has “been hacked” and your funds are lost (for example). Or like recently… Binance NEAR Network service is suspended

Solution

We want to implement a decentralized P2P market that provides an easy-to-use and secure platform that can help fast adoption in Venezuela and can easily expand to all Latin America.

You have to do what has proven to work and make it better. We want to replicate the Binance P2P exchange. At first, nothing more, nothing less.

A platform that provides people a bridge between fiat currencies and blockchain technology.

https://www.canva.com/design/DAExsPCMuI0/_08KII_0aQ9ynw7zYJ3ZXQ/view?utm_content=DAExsPCMuI0&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

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Impact

We know it is hard for readers who live in countries with a stable FIAT currency to understand the magnitude of people’s problems every day. On the other hand, the impact/growth that NEAR can have by providing a solution for this problem.

We will take the market share from other exchanges used in Venezuela like:

AirTM: $6 Million USD per month
Binance: 3.800 verified merchant members

Publications about it:
https://www.coindesk.com/business/2020/11/11/venezuelas-bitcoin-story-puts-it-in-a-category-of-one/
https://www.coindesk.com/markets/2020/08/27/chainalysis-report-shows-healthy-crypto-usage-in-venezuela/
https://www.coindesk.com/business/2021/10/07/new-chainalysis-report-reveals-whos-leading-the-world-in-crypto-adoption/

Transacciones P2P en Bitcoin marcan récord en Venezuela mientras su liquidez...

Más de 9 billones de bolívares se comercializaron dentro de LocalBitcoins la semana pasada en el mercado de Venezuela.

Other alternatives in Venezuela are the so-called “Remeseros,” a group of people who provide a remittances service by receiving the fiat currencies and exchanging for another fiat, using crypto in most cases. Hundreds of thousands of Venezuelans work as middlemen for local and foreign transactions.

More than 2.4 million Venezuelans own cryptocurrencies (+10% of the country’s population). That combined with the NEAR P2P could lead to an overflow of transactions on the NEAR network from new wallets and interactions with the ecosystem.

That is the first step of mass adoption.

Record

[PROPOSAL] Create Mineria-Virtual GUILD / NEARer Wallet PROJECT - focused in crypto adoption Guilds

Hello everyone! Now that I understand the goals of the NEAR Community, made my own contributions and participate, I can propose the creation of the End-user Guild / NEARer Wallet Project / Mineria Virtual Guild with the support and help of my team @Jloc @Mineriavirtual @Luismayar @Nicolasp2 and others. TLDR proposal Drive the existing community we manage (Mineria.Virtual) into NEAR with the aim of receiving new collaborators, developers, ideas and constructive criticisms with which the financ…

[IDEATION] Mineria-Virtual Guild: NEARer Wallet dApp Guilds

NEARer Wallet dApp This is all about the creation of a Wallet that will allow us to ease adoption A Decentralized Wallet that will provide the P2P features of Centralized Wallets like Binance P2P Wallet, Crypto Swap will not be a part of the Wallet, you will be able to do Crypto Swap with another services online that are available already. Possible Partners I contact the Minerall Guild and I share with Igor Stadnyk the project. We are already in conversations on a Telegram Group created only f…

[PROPOSAL] Near peer to peer (P2P) DaPP NEAR-Dex Development

NEAR-Dex It’s all about to create a Peer to Peer (P2P) DAPP to allow change your’s NEAR tokens in a easy, secure and fast way. A Decentralized Wallet that will provide P2P like Binance or Airtm where you can change your available Crypto’s in local money, fiat, other cryptos. Using your services online that are available already. The idea is similiar to our friend @FritzWorm NearWalletDapp. Issue & Solution At the moment people ask where they can change their NEAR and do not get …

Quotes

This could be even bigger than Binance

@shreyas

Sounds awesome… Have you got funding for this? Might be a good one for the Grants

@David_NEAR

Binance still has suspended NEAR deposits.
So i imagined worst case scenario if most of exchange platforms would disrupt their work. A DEX is a must have!

@Zhunda

This is very interesting, remembers me of hodlhodl and localbitcoins. How can we help from the NEAR Wallet side?

@StefanoPepe

It’s great to see how you and your teammates are leveraging your expertise with this project, and I think your motivation will inspire so many others. Thank you for being open to suggestions and ideas, and good luck with the project!
It was great to hear how you’re focusing on crypto end-users in Venezuela and wanting to empower individuals in their every day lives through NEAR

@mecsbecs

Thanks, Fritz! Grant requests are handled by the grants website: NEAR Foundation Grants
More specifically, this is where you can request for a grant: NEAR Foundation Application Manager - NEAR Startup Grants

This would be a huge step for NEAR in Latin America.
Im based in Argentina and the situation here is similar to Venezuela. Lots of people every day are adopting cryptocurrencies and P2P is the fastest way (IMO) to reach mass adoption in this type of countries.

I’d like to help with this Fritz, so feel free to reach me whenever you need something!

Thanks for the guidance mate! i hope this post was useful

Thanks, brother, we will work together we need people who understand the problem from the inside, and Argentina is an excellent example of a similar situation

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From Venezuela here ! Hope this come true soon

Thank you Benz ! yeah for sure we will call you for collaboration !

You just reminded me of another member that wanted to join this venture

@NEXC how are you doing ? Take a look we are going to start this project right now

FritzWorm:

Other alternatives in Venezuela are the so-called “Remeseros,”

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And yes, it’s definitely investing project , which requires funding from Near Grants program.

hello,bro
I am here,I’ve been thinking about the roadmap for this project.
come on!

Hi @shreyas ! All Done

We fill the form for Startup Grants ! Let us know please what are the next steps.

Cheers

Hello @shreyas how are you ? Hope everything is going great !

Please could you give us further advice, we did fill the form for the Grants.

Again this projects is really important for mass adoption

@andresdom your team has great advance right and received an awesome feedback from NEAR University correct ?

Hello @FritzWorm, @shreyas we have been working for about 3 weeks, yesterday we present the progress in the NEAR University weekly AMA and let me tell you we receive a nice Feed Back. And we posted our progress here:

Week1

[Report Week] Near peer to peer (P2P) DaPP NEAR-DEx Education

In reference to our proposal, mentioned here: The progress of the week, starting on Tuesday 12/16: Facilitators Alan Estrada - @cloudmex-alan Cristian Zambrano - @Cristian Project members Andrés Dominguez @andresdom Maria Eugenia Arevalo @Developer Gabriel Pérez @Gperez Front End (Vue.js) Designing the initial Template, look and feel, colors and logo. Login Screen, Translation English, Spanish Dashboard View, using an NEAR avatar, Initial greetings depending of your local client h…

Week2

[Report Week 2] Near peer to peer (P2P) DaPP NEAR-DEx Learning Products

In reference to our proposal, mentioned here: The progress of the week, starting on Monday 12/20: Facilitators Alan Estrada - @cloudmex-alan Cristian Zambrano - @Cristian Project members Andrés Dominguez @andresdom Maria Eugenia Arevalo @Developer Gabriel Pérez @Gperez Front End (Vue.js) As for Look & Fill, the Submenu of Wallet were worked to show the balances and in the P2P menu for the purchase and sale of Near and USDT. The front end is worked to be responsive, guaranteeing a cor…

Week3

[Report Week 3] Near peer to peer (P2P) DaPP NEAR-DEx Learning Products

In reference to our proposal, mentioned here: The progress of the week, starting on Monday 12/27: Facilitators Alan Estrada - @cloudmex-alan Cristian Zambrano - @Cristian Project members Andrés Dominguez @andresdom Maria Eugenia Arevalo @Developer Gabriel Pérez @Gperez Front End (Vue.js) Query the cost of NEAR price to USDT, using the Binance Api, V1, 24H, Get Historical transactions of current logged user. This data should be only related to P2P transactions. BackEnd Lock balance …

Week4

[Report Week 4] Near peer to peer (P2P) DaPP NEAR-DEx Learning Products

In reference to our proposal, mentioned here: The progress of the week, starting on Monday 03/22: Facilitators Alan Estrada - @cloudmex-alan Cristian Zambrano - @Cristian Project members Andrés Dominguez @andresdom Maria Eugenia Arevalo @Developer Gabriel Pérez @Gperez Frontend: We worked on showing the smart contracts on the frontend, integrating with near-api-js and the user data interface was started to finish the registration cycle on the platform. Backend: We work with functio…

Hey @FritzWorm, I think that’s an amazing idea and much needed (not only in Latin America). I just think about the remittance market, which is projected to be valued at $682.60 billion in 2026, so this could be huge! If you need support just let me know!

Thanks my friend, yeah right now waiting for the grant approval. To continue with the development of the dapp.

Let me know if I should fill another form or give you any other information so you can be updated.

Big hug, and a beer

FritzWorm:

Hello @shreyas how are you ? Hope everything is going great !

Please could you give us further advice, we did fill the form for the Grants.

Again this projects is really important for mass adoption

Hi Fritz,
Thanks for following up. I will check with the grants team and let you. Things are just picking up after the holidays.

The Development team has been building the NEAR P@P dapp: http://157.230.2.213/nearp2p/#/login

Some of the members of the team has been working on the DiR from Near University, here the last report:

Report Week 14 P2P Near Dex 14-03-2022 al 20-03-2022 Learning Products

Report Week 14 P2P Near Dex Facilitators Alan Estrada - @cloudmex-alan Cristian Zambrano - @Cristian Project members Andrés Dominguez @andresdom Maria Eugenia Arevalo @Developer Gabriel Pérez @Gperez During this week we work on the buying and selling processes, trying to keep it 100% decentralized, the process will be scheduled according to the attached image [mediar] The details worked during the week are summarized in: We change the way of mediating Worked on forms of payment meth…

1st Payout proposal for the NEAR P2P - $500 USD = 42 NEAR

Subject: Dedicated Server for 1 year on Digital Ocean to upload the Front and point out the Domain nearp2p.com with the SSL certificate.

@Arturoahs @andresdom @Jloc @LuisAponte99

Hello Hello! A second request to the NEAR VENEZUELA DAO, where we have the funds for NEAR P2P:

Logo Concept Ideation / Logo Design

Example:

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First Logo ideations

We know branding is a priority at this stage of the project, so we are looking for several different proposals from several designers. (even when I am a designer myself, it is better to find different ideas). Budget for 10 logo proposals/concepts: $400 USD

Fiverr

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Paypal proof of payments

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Open Call for Creatives

With the concepts, we will make an open call here on the forum for creatives to create a Logo better than the ones we have. Anyone will be able to participate. Budget/Reward for 1 winner: $200

Total Budget: $600 = 46 NEAR
@Arturoahs @andresdom @Jloc @LuisAponte99

Report:

1. Contest started: [Contest] Logo Creation for NearP2P [Closed - Agnesba is our winner]

2. Contest paid: [Contest] Logo Creation for NearP2P [Closed - Agnesba is our winner] - #80 by FritzWorm

Go for it.

Nice project mate @FritzWorm I love it

Count with me in everything you may need

Best
Luis Aponte

This year I have been working on different areas for the NEAR P2P Product Growth.

1. New Legal Status: Delaware Series LLC

https://nearp2p.app/assets/Series_Operating_Agreement.pdf

Expenses: $180 USD

1. Logo Creation Leadership

Expenses: $200 + NFT (contest) and an additional $394.36 for other 5 creatives

Conclusion: It is like an N (for NEAR) and at the same time it is the exchange symbol

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1. Pitch Deck

2. Human Resources, building the promotion team, marketing, legal, community

3. Seed Phase Investment initiation, with VCs + Friendly Horses NFT Project